25 U.S. Code § 2214 - Establishing fair market value

For purposes of this chapter, the Secretary may develop a system for establishing the fair market value of various types of lands and improvements. Such a system may include determinations of fair market value based on appropriate geographic units as determined by the Secretary. Such a system may govern the amounts offered for the purchase of interests in trust or restricted land under this chapter.

This chapter, referred to in text, was in the original “this Act”, which was translated as reading “this title”, meaning title II of Pub. L. 97–459, to reflect the probable intent of Congress.

Amendments

2005—Pub. L. 109–157substituted “Such a system may govern the amounts offered for the purchase of interests in trust or restricted land under this chapter.” for “Such system may govern the amounts offered for the purchase of interests in trust or restricted lands under this chapter.”

2004—Pub. L. 108–374, which directed substitution of “this Act” for “section
2212 of this title” in last sentence, was executed by substituting “this chapter” for “section
213”, meaning section 213 ofPub. L. 97–459, which is classified to section
2212 of this title, to reflect the probable intent of Congress.